Love and Paperwork: What Does It Mean to Be Married and File Single?
So, it’s got some tax advantages, but now my question is “how do you bring this up at dinner?” When couples get married, they typically file their income tax returns jointly. This is known as the...
View ArticleIncoming! Filing Income Taxes When You Don’t Have Any Income to Report Has...
You had me at “you might get money if you file, even if you don’t have income.” Yes, you can file taxes without income. You probably should. It is a common misconception that filing income tax returns...
View ArticleNotice CP12: What This IRS Notice Means, How to Respond to It, and Why You...
The IRS version of the 404 Error “Data Not Found (on Your Tax Returns)” Why did the IRS send you a CP12 Notice? It’s simple. The CP12 Notice primarily addresses changes made to your e-filed tax return,...
View ArticleEmployers and Employees: Here’s Where to Download a Blank W-4 Form for 2023...
If you’re asking “where’s a blank W4?”, then you probably have more questions. Visit the Internal Revenue Service (IRS) website. On the IRS website, you will find a downloadable copy of the W-4 form,...
View ArticleGet Your Tax Return Amended: How to File Amended Returns and Check Amended...
The IRS gives you a mulligan? What is my amended tax return status? As a taxpayer, updating or correcting your tax return is sometimes necessary. This is where an amended tax return comes into play....
View ArticleDo I Have to Do My Taxes? You Might Not Have to File an Income Tax Return...
So you have to file your taxes. Aw, but do I have to? Taxpayers generally must file their federal tax return by April 15th of each year. For most individuals, filing an income tax return is an annual...
View ArticleDo You Really Have to File Taxes Every Year?
Not to oversell it, but doing your taxes can really pay off. Do you really have to file taxes every year? The answer depends on a variety of factors, including your income, filing status, and...
View ArticleHow Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your...
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats them as property rather than currency...
View ArticleIRS Announces Tax Season Deadlines, When Can You File and Expect Your Refund...
On January 8th, the IRS issued a statement that said taxpayers can start filing their annual returns on January 29. People who need extra time beyond the return filing due date can still request an...
View ArticleOpinion: The Future of Artificial Intelligence Tax Preparation Is (Not Quite)...
What happens when computer code meets the U.S. tax code? One of the fastest ways to turn the drudgery of tax filing into a mess for human tax experts is to ask ChatGPT all your tax filing questions...
View ArticleWhat Form 1099-R Means For Your Retirement: Pensions, IRAs, Retirement or...
The R stands for Retirement. The 1099 stands for “Pay your fair share, even if you’re retired.’ Form 1099-R is an important document that you need to be familiar with when it comes to reporting your...
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